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Anti-Sterlite protests update:
Madras High Court orders re-postmortem on bodies of sevenvictims, mandates a doctor from AIIMS or Jawaharlal Institute of Postgraduate Medical Education andResearch or Kerala Institute of Medical Sciences, Trivandrum to be a part of the team.Madras High Court also orders preservation of bodies six other victims.
OECD seeks to calm fears over Italy turmoil
The OECD today sought to calm concerns over political chaos in Italy that has sent global markets into a tailspin and raised the spectre of a fresh eurozone crisis. "Italy is part of Europe and part of the euro, and it will remain so," Organisation for Economic Cooperation and Development's chief Angel Gurria told reporters at the body's annual meeting in Paris.
Italy renews attempt to form government, end turmoil
Italy searched for a last-minute exit from almost three months of political turmoil on Wednesday, with its biggest party looking to make a renewed attempt to form a coalition government with the right-wing League. The two anti-establishment parties, the 5-Star Movement and League, had abandoned plans to jointly take power at the weekend after the president blocked their proposed cabinet lineup, reported Reuters.
Bhandara-Gondiya re-poll: Estimated 45% voting across 49 booths
An estimated 45 percent voters cast their vote in the re-polling held at 49 booths in the Bhandara-Gondiya Lok Sabha constituency in Maharashtra by 5 pm today, an election official said. As the polling continued till 6 pm, final figures of voting were yet to arrive, the official said. The Election Commission ordered re-polling in these 49 booths following complaints of malfunctioning of Electronic Voting Machines (EVMs).
Union minister Kiren Rijiju
undergoes stone removal procedure at AIIMS: Official
Union minister Kiren Rijijutoday underwent a stone removal procedure at the Department of Urology in AIIMS, a hospital official said. The minister of state for home affairs is in a stable condition and recovering well, the official said.
Tesla hints at 'challenging regulations' for not being able to enter India
US-based electric car major Tesla has alluded to a challenging environment for not being able to enter India, a market which it would love to be in, according to company's Chief Executive Elon Musk. "Would love to be in India. Some challenging government regulations, unfortunately. Deepak Ahuja, our CFO, is from India. Tesla will be there as soon as he believes we should," Musk tweeted in a reply to a query about the automaker's absence from the Indian market.
Railway's conducts workshop to find ways to increase speed of trains
The Railways conducted a one-day workshop 'Mission Raftaar' in which officials discussed ways to increase the average speed of freight and passenger trains, a statement from the ministry said. Minister of State for Railways Rajen Gohain and Railway Board chairman Ashwani Lohani inaugurated the workshop.
SEBI allows debt issuers to review credit rating by agencies
Markets regulator SEBIhas allowed debt issuers to review ratings given by agencies, a move that will check the menace of 'rating shopping' and 'pick-and-choose' approach in their actions, reported PTI.In the past, several firms have expressed dissatisfaction against credit rating agencies (CRAs) after ratings on their debt were suddenly downgraded or withdrawn.
AAP demands special session of Vidhan Sabha on water issue
Main opposition party in Punjab, AAP, has sought a special state assembly session to discuss the issue of "polluted" river waters in the state. AAP workers led by party state unit co-president Balbir Singh and MP Sadhu Singh held a protest march carrying bottles of polluted waters and tried to proceed towards Punjab Chief Minister's residence.
Aviation ministry to provide all assistance to CBI in AirAsia probe: RN Choubey
The civil aviation ministry said it would fully cooperate and provide all assistance to the CBI in the investigation into the alleged violations in the AirAsia India matter, reported PTI. "We are yet to receive formally anything from the CBI. We will fully cooperate with them. We will provide all assistance to them in the investigative process," Civil Aviation Secretary R N Choubey said.
Country as a whole likely to receive normal monsoon, barring east and northeast: IMD
The entire country is likely to get normal monsoon this year, except the east and northeast, which are likely to witness "below normal" rainfall, the Met department said. With this announcement, the MeT has kept its prediction of "normal" monsoon unchanged in its second stage long range forecast, reported PTI.
Maneka Gandhi seeks blocking of dowry calculator website
Union Women and Child Development Minister Maneka Gandhi has asked Information Technology Minister Ravi Shankar Prasad to block a website which claims to calculate the dowry amount for grooms and take action against its developers.
Have got letter of intent from Binani lenders to acquire it, says UltraTech
The lenders of Binani Cement have issued letter of intent to UltraTech after approving its bid to acquire the company under the bankruptcy code, Aditya Birla group firm said. The Committee of Creditors (CoC) of Binani Cement on May 28 approved the resolution Plan submitted by UltraTech Cement, it said in a regulatory filing.
61 percent voter turn out in repolling at 73 Kairana booths
Repolling at 73 booths in Kairana Lok Sabha constituency passed off peacefully today with an estimated voter turn out of 61 percent, the state election officials said.
The Election Commission had yesterday ordered repolling at these polling stations in view of technical snags in EVM-VVPAT machines during the bye-election on Monday. Around 80,000 voters were eligible to cast their votes at the booths where the repolling was held on Wednesday. (PTI)
TDP will be pivotal in govt formation in 2019 but I have no PM ambitions: Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu says his Telugu Desam Party will play a pivotal role in 2019 when regional parties band together to form government at the Centre but has ruled himself out of the prime ministerial race.
The TDP chief, who sidestepped a question on whether the parties would take the support of the Congress should the need arise, was also scathing in his criticism of the BJP during an interaction with journalists on Tuesday night. Describing the BJP as a "back-door party" that wanted to enter south India through unscrupulous means, Naidu said it should have helped Andhra Pradesh to gain access to the region. (PTI)
India seeks UK help in
extradition of Mallya, Lalit Modi
India on Tuesdaysought the help of United Kingdom for early extradition of liquor baron Vijay Mallya and former IPL honcho Lalit Modi and in locating diamantaire Nirav Modi during the third Indo-UK home affairs dialogue, officials said.
New Delhi also asked London not to allow the British territory to be used for anti-India activities by Kashmiri and Khalistani separatists. "We have sought the help of the authorities in the UK in extradition of our wanted persons. The process is on and everyone knows because of our proactive action, Mallya had to go to a court in the UK," an official privy to the two-hour long meeting.(PTI)
AirAsia case: Non-exec director Venkataramanan says allegations baseless
AirAsia India's non-executive director R Venkataramanan on Wednesday said allegations of wrongdoing against him are baseless and that he has been wrongly named as an accused, a day after the CBI registered a case against the airline and its officials for allegedly trying to manipulate government policies to get international licence.
The budget carrier is majority-owned by Tatas and Venkataramanan has around 1.5 per cent shareholding in the joint venture with AirAsia Berhad. (PTI)
WDM witnesses trade worth Rs 1,696.23 crore on NSE
Wholesale debt market segment of the National Stock Exchange today witnessed a total turnover of Rs 1,696.23 crore in 37 trades. (PTI)
Bank strike: Services hit,
impact to continue tomorrowBanking operations in the country were hit on Wednesday as 10 lakh employees, primarily from PSU banks, went on 2-day strike to protest against a "meagre" 2 per cent salary hike offered by Indian Banks Association (IBA) -- the management body.
The strike, also supported by employees of some old generation private sector banks and foreign banks, will continue on Thursday. Operations in the new-generation private banks like ICICI Bank, HDFC Bank, Axis Bank were however almost normal, barring few activities including cheque clearance. (PTI)
India, Indonesia to organise interfaith dialogue in both nations
Prime Minister Narendra Modi and President Joko Widodoon Wednesday agreed to organise an interfaith dialogue in Indonesia in early October 2018, which will be followed by a similar dialogue in India next year to promote pluralism and eradicate radicalism.
The two leaders shared the view on the imperative need to eradicate radicalism and reiterated the importance of promoting peaceful pluralism that would lead to true civilisation harmony, and moderation through a holistic approach, said a joint statement issued after their meeting. (PTI)
The entire problem started after anti-social elements attacked police & burned down Collector's office, as a result peaceful protesters were killed. If you undertake protest for each and everything, Tamil Nadu will be turned into cemetery: Rajinikanth on Thoothukkudi violence (ANI)
ICICI Bank orders probe into allegations against Chanda Kochhar
The board of India's largest private sector lenderICICIBank has ordered an independent probe into allegations of 'conflict of interest' and 'quid pro quo' in bank's MD and CEOChandaKochhar'sdealing with certain borrowers.
There are allegations of involvement ofKochharand her family members in a loan provided toVideocongroup on a quid pro quo basis. It was alleged thatVideoconGroup pumped money intoNuPowerRenewables, a firm owned by DeepakKochhar, husband ofChandaKochhar. (PTI)
Recognise open, distance degrees for recruitments: Govt to PSUs
The Centre has directed PSUs to recognise degrees and diplomas acquired through open and distance learning from UGC recognised universities for recruitment purposes, after receiving several complaints in this regard.
The Ministry of Human Resource Development had written to the Department of Public Enterprises earlier this month saying it has been receiving many complaints about PSUs not recognising degrees /diplomas acquired in Open and Distance Learning (ODL) mode for the purpose of employment. (PTI)
NCLAT has scheduled the hearing for Essar steel auction to July 2nd. The hearing is regarding petitions from Numettal and ArcelorMittal on their eligibility to bid for Essar.
NCLAT stays insolvency proceedings against RCom
An apellate court has stayed the National Company Law Tribunal order that intiated proceedings againstReliance Communications, media reports say. The company has reached a settlement with Ericsson and will pay Rs 550 crore within 120 days.
ICICI Bank to set up enquiry to address whistleblower's complaints
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ICICIBank will set up an enquiryto address a whistleblower'scomplaints against the bank's CEO and MD. The whistleblower alleged that the CEO did not follow the code of conduct laid out by the bank.
Centre receives Rs 90,000 crore in GST revenues till May 29
ThegovernmentreceivedRs 90,000 crore in revenues from the collection of the goods and services tax from April till May 29, media reports say. Close to 55 lakh returns were filed in this period. The collections were in line with expectations as April was a leanperiod.
No bids for Air India recieved so far, says Aviation Secretary
Aviation Secretary RN Chaubey has said that no bids have been received for Air India so far and the government will not extend the deadline for Expression of Interest submissions, news agency ANI has reported.
Moody's cuts India's 2018 GDP growth forecast from 7.5% to 7.3%
Credit ratings agency Moody's cuts India'sGDP growth forecast for 2018from 7.5% to 7.3%ove rthe toll of higher oil prices on the pace of the country’s economic recovery . Moody’s also showed concern over government’s tight fiscal condition.
Fortis defers earnings date to June 11
The Fortis board defers the release of its Q4 earnings to June 11. The boardwas expected to release the information on May 30.The board cited "ongoing deliberations of the conclusions arising from the internal investigation." The notice further said, ""The trading window of the Company for dealing in securities of the Company will continue to remain closed upto June 13, 2018 (inclusive of this date)."
Sebi seeks info from Jet Airways following complaint
Markets regulator Sebi has sought information from Jet Airways following a complaint of alleged fraudulent practices by its promoterNareshGoyal, according to filing to the stock exchange. The disclosure came in response to a clarification sought by the BSE on reports about alleged fraudulent practices by Jet Airways and fall in its share prices.
Chidambaram moves court for protection from arrest in Aircel-Maxis case
Former Union minister P Chidambaram today moved a Delhi court seeking protection from arrest in the Aircel Maxis money laundering case. The senior Congress leader moved his plea for anticipatory bail. He was asked to appear before the Enforcement Directorate (ED) on June 5.
India, Pakistan DGMOs agree to fully implement 2003 ceasefire pact
The Director General of Military Operations (DGMOs) of India and Pakistan today have agreed to "fully implement" the ceasefire pact of 2003 in "letter and spirit" . The countries will forthwith, stop cross border firings in Jammu and Kashmir.
Indian Overseas Bank's Q4 net loss widens to Rs 3,606.73 cr on bad loans
Public sector lender Indian Overseas Bank's net loss widened to Rs 3,606.73 crore in the March quarter due to a higher provisioning for mounting bad loans.
The bank had registered a net loss of Rs 646.66 crore in the same quarter of previous fiscal. Its net income stood at Rs 5,814.42 crore during the fourth quarter of 2017-18 from Rs 5,661.70 crore in same period a year-ago.
Rupee sheds 5 paise against dollar in opening trade
The rupee opened on a subdued note with a loss of five paise at 67.91 against the US dollar at the interbank forex market. Strength in the dollar against other currencies overseas weighed on the domestic unit. Traders attributed the rupee's fall to sustained foreign fund outflows, increased demand for the US currency from importers and banks amid a lower opening in the domestic equity market.
PM Modi begins Indonesia visit by laying wreath at military cemetery
Prime MinisterNarendraModitoday began his Indonesia visit by paying homage to martyrs of Indonesian independence struggle as he laid a wreath at theKalibataNational Heroes' Cemetery here. The Prime Minister is expected to meet thePresidentJokoWidodotoday and discuss bilateral cooperation in a broad range of areas, including maritime, trade and investment.This isModi'sfirst-ever official visit to Indonesia.
Paytm trims losses to Rs 899.6 crore in FY17
One97 Communications, the parent company of Paytm, has reduced its losses to Rs 899.6 crore in FY 17. The company posted a loss of Rs 1,496.7 crore FY 16, as per documents filed by the company with the corporate affairs ministry.
Railways eyes 2 billion tonnes in freight movement by 2023-24
The railways is targeting two billion tonnes in freight movement on the back of coal loading, in the next five years, thus joining a senior official said today. As of now, coal loading is around 555 million tonnes (MT), which is 22 MT more than the previous year's, and the railways is banking on this growth to leapfrog into the 2-billion tonnes target.
Italian stocks plunge over a fear of a financial crisis
Markets plunged on fears that the Italy is heading toward another election that could shape up to be a referendum on whether to stay in the common currency. Premier-designate Carlo Cottarelli, a former IMF official, was expected to submit his list of ministers to President Sergio Mattarella in Rome, two days after an attempt by two populist parties to form a government foundered on the president's rejection of their anti-euro economy minister.
Sebi slaps Rs 10 lakh fine on 2 entities in Edserv Softsystems IPO matter
Markets regulator Sebi imposed a penalty of Rs 10 lakh on Krishna Enterprises and Rajesh Services Centre for aiding Edserv Softsystems in "fraudulently" siphoning off the funds from its IPO proceeds. The Securities and Exchange Board of India (Sebi) had conducted an investigation into the initial public offer (IPO) of Edserv on both the NSEand the BSE in 2009.
Reliance Infratel settles dispute with investor; withdraws petition for asset sales
Reliance Infratel has reached an agreement with its minority shareholder HSBC Daisy Investments to settle a dispute over non-payment of dues, paving the way for the sale of the firm's telecom tower business to clear bank loans. The firm withdrew its petition from the National Company Law Appellate Tribunal (NCLAT) seeking permission to sell its tower and fibre assets. The move will allow debt ridden Reliance Communications to proceed with asset monetisation by selling tower and fibre assets of Reliance Infratel .
Madras High Court receives three PILs on Sterlite violence
Three PILs, relating to the violent protests against the Sterlite plant have been filed with the Madras High Court. The PILs seek social media monitoring to "restrict or coverage of trouble/violence-prone incidents," an independent judicial committee to probe the firing incident, and compensation for families of the dead.
US to impose 25% tariff on Chinese goods
The US will impose a hefty 25 per cent tariff on the USD 50 billion worth of Chinese goods containing "industrially significant" technology, the White House said today, days after the two sides reached an agreement and vowed not to launch a trade war against each other.
NHRC to probe deaths in Anti-Sterlite protests
The National Human Rights Commission today decided to send its fact-finding team to probe the deaths of 13 people in police firing during the protests against Vedanta's Sterlite Copper unit in Tamil Nadu's Tuticorin district.
Rupee breaks 3-day rising streak, plunges 41 paise to 67.84
The rupee turnedshaky against the US dollar, beginning the day at 67.84 due to a heavy dollar demand from importers at the month’s end. The forex market sentiment wasbearish after tracking losses in most Asian and emerging market currencies and political developments in Italy.
Kamla Mills fire: SC refuses bail to 28-year-old restaurateur
The Supreme Court refused to grant bail to Yug Tuli, the co-owner of Mumbai's Mojo's Bistro restaurant and an accused in the December 2017 fire incident in Mumbai that had claimed 14 lives. The court, allowed the businessman to file a fresh bail petition before the trial court after three months.
Indian Oil marginally cuts fuel prices
Indian Oil marginally cutthe prices of petrol and diesel, breaking the 16-day streak of rising fuel prices in the country. Petrol in Mumbai is priced at Rs 85.65 per litre and diesel is priced at Rs 73.20 per litre. Petrol in New Delhiis priced at Rs 77.83 per litre, while diesel is priced at Rs 68.75 per litre in the national capital.
